diff --git a/Makefile b/Makefile
index ed3a58a06..22e75e236 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-VERSION := v1.2.0-rc0
+VERSION := v1.2.0-rc1
 
 # Name of this service/application
 SERVICE_NAME := redis-operator